PSX’s KSE-100 index surges by 0.77%

The Pakistan Stock Exchange (PSX) experienced a bullish trend on Wednesday as the benchmark KSE-100 index increased by 484.35 points or 0.77%, closing at a level of 63,703.44 points.

However, the trend observed over the last few days was also notable during today’s stock trading – the equity market demonstrates an upward trajectory in the opening hours, followed by a shift towards a downward trend in the afternoon trading sessions.

This week is characterised by political clarity. As a result, market analysts anticipate a gradual recovery, contingent upon the full disclosure of political developments.

Notable gains were observed in the sectors of cement, fertilizer, power generation & distribution, and refinery.

In the refinery sector, particularly, share prices saw increases: Attock Refinery by Rs 10.65, Cnergyico by Rs 0.34, National Refinery by Rs 2.08, and Pak Refinery by Rs 0.7.

Read more: https://profit.pakistantoday.com.pk/2024/02/28/psxs-kse-100-index-surges-by-0-77/